ETHIOPIA MOTORCYCLE MARKET

INTRODUCTION

Ethiopian motorcycle is a term used to describe the distinctive and well-liked means of transportation utilized in Ethiopia, where both personal and commercial motorcycle use is common. In recent years, motorcycles have proliferated on Ethiopian roadways, especially in metropolitan areas, providing a practical and effective mode of transportation in a place with poor infrastructure and congested roads.

Ethiopia's motorbike culture has swiftly expanded as a result of numerous factors. One of the main factors is that motorbikes are more accessible and affordable than other types of motor vehicles. Motorcycles are a desirable option for people and enterprises with limited financial resources because they are comparatively less expensive to buy and maintain. The enormous increase in motorcycle ownership and use in the nation can be attributed in part to this affordability.

Motorcycles provide flexibility and mobility in navigating through the sometimes packed Ethiopian roadways in addition to being affordable. Infrastructure issues in the nation, particularly in urban regions, include traffic congestion, poor road systems, and a dearth of public transportation options. When compared to typical automobiles or buses, motorcycles offer a more rapid form of transportation, allowing riders to maneuver through gridlock.

In Ethiopia, motorcycles are used for a variety of things. They are frequently used for short-distance travel, errand-running, and personal transportation, particularly for commutes to work. Motorcycles offer a practical answer for people who need to get through congested traffic and to their destinations as soon as possible.

In addition, motorcycles are very important to the nation's unofficial economy. Many Ethiopians use motorbikes to provide "bajaj" or "Honda" taxi services as a means of generating revenue. People who require rapid and inexpensive transportation frequently choose these unofficial motorcycle taxis, especially in crowded urban areas. The "bajaj drivers" or "honda drivers" of motorcycle taxis offer easy transportation to customers, especially those going short distances or to places that are inaccessible to larger vehicles.

Many Ethiopians now have work options because of the rise of motorcycle taxis. People now buy motorbikes and operate them as taxis, making motorcycle ownership and operation a feasible source of income. This has given many Ethiopians, particularly young ones, economic opportunities, and reduced unemployment rates.

However, questions about road safety and regulation have also been brought up by the rise in motorcycle use. Road accidents and fatalities have increased as a result of the swift increase in motorcycles on the roadways. The high prevalence of motorcycle accidents in Ethiopia is a result of improper training, a failure to follow traffic laws, and poor road and infrastructure conditions.

The Ethiopian government has taken action to enhance traffic safety and control motorbike operations in order to allay these worries. These actions include making helmet use a requirement, enforcing motorcycle-specific traffic laws and regulations, and developing training programs for motorcycle taxi drivers. Additionally, initiatives are being undertaken to improve road infrastructure and advance programs to raise awareness of road safety.

Finally, it can be said that Ethiopia's motorbike culture has significantly expanded and become more well-known in recent years. In a nation with poor infrastructure and congested roads, motorcycles offer an economical and effective mode of mobility. They are frequently utilized as unofficial taxis and for personal transportation, boosting the economy and creating job opportunities. To ensure the safe and responsible use of motorbikes on Ethiopian roads, the government and stakeholders must focus on and make coordinated efforts to address the critical concerns of road safety and regulation.

ETHIOPIA MOTORCYCLE MARKET SIZE AND FORECAST

The Ethiopia Motorcycle Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

The advent of the brand-new electronic motorcycle, dubbed the "scooty" and made in Ethiopia by Indian-owned Balaaji Manufacturing Plc has increased India's presence in Africa. The "scooty" brand, which has won over customers in India, is poised to capitalize on the market in Ethiopia, where more and more people have been using two-wheelers during the past three years, causing the market to expand at a rate of roughly 30% per year. The scooters are inexpensive, environmentally friendly vehicles that don't vibrate or make noise. Additionally, they advertise maintenance-free batteries, a stability alarm (remote control), push-button starting, an auto lock, and a voice alert parking locking system.

These electric bikes have a top speed of roughly 60 km/h, and a six- to eight-hour charge allows for a journey of more than 60 kilometers. The bike's creators consider it to be competitive and distinctive in its market. According to Abel Mebrahtu, an engineer who works for a private company, the bikes would assist individuals in navigating through the crowded streets of Ethiopia, where a lot of building projects have made transportation slow and difficult. People came to learn more about the bikes, according to Hirut, the owner of the Hirut High Tech Moter Bikes shop.

Finally, it can be said that Ethiopia's motorbike culture has significantly expanded and become more well-known in recent years. In a nation with poor infrastructure and congested roads, motorcycles offer an economical and effective mode of mobility. They are frequently utilized as unofficial taxis and for personal transportation, boosting the economy and creating job opportunities. To ensure the safe and responsible use of motorbikes on Ethiopian roads, the government and stakeholders must focus on and make coordinated efforts to address the critical concerns of road safety and regulation.

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. How many Motorcycles are manufactured per annum in Ethopia? Who are the sub-component suppliers in the region?
2. Cost Breakup of an Ethiopia Motorcycle and key vendor selection criteria
3. Where is the Motorcycle manufactured? What is the average margin per unit?
4. Market share of Ethiopia Motorcycle market manufacturers and their upcoming products
5. The cost advantage for OEMs who manufacture Ethiopia Motorcycle in-house
6. key predictions for the next 5 years in Ethiopia's Motorcycle market
7. Average B-2-B Motorcycle market price in all segments
8. Latest trends in the Motorcycle market, by every market segment
9. The market size (both volume and value) of the Motorcycle market in 2023-2030 and every year in between?
10. Production breakup of the Motorcycle market, by suppliers and their OEM relationship